The fact that one should not be limited in investment, doesn't mean one should invest in what is not clearly understood.
You cannot have multiple investment in cryptocurrency and other stuff and expect all to be successful at once.
Even as your friend, OP, made multiple investment in cryptocurrency, it is evident that why he succeeded is because the investment is in one field, he gave the investment attention enough to know when to swap the altcoins that had grown to BTC.
Over some time, he could be able to use the profit of the crypto investment to invest in real estate because by now, his crypto assets has grown, he understands it like a second nature and the price has risen to a new ATH where it is almost 31k and climbing.
Don't put all your eggs in one basket, is a wise saying that relates well with this thread, but notice that there's a symmetry of understanding between the eggs and several baskets.
Topic: Do not limits your investment... - page 5. (Read 924 times)
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Some of my friends also has this strategy and some of them also are bounty hunters that uses their chance gaining fron even shitcoins the converting into bitcoin once they gain values.And there's no bad at that and also that is something that can be risky or time consuming.
But in the end? That is best for people that allocated most of this time in this market checking fron time to time.
It's also called shitcoin, it's just going to be a junk coin in the future. Just hype at the beginning and then the people who got in early will dump it to get all the profits. Shitcoin will not last, there is no good advice to buy Shitcoin unless they buy at the beginning and know what risks will be experienced.
Yep. Most shitcoins are just pump-dump coins. They are only hype temporarily, then they will continue to decrease the prices because no demands anymore. Experienced people know well when to take profits from shitcoins, they will sell when the hype isn't over. But unexperienced people will continue holding because they dream for bigger profits. They try to believe the developers/teams, but it is just the wrong decision. It is true that shitcoins are not recommended for unexperienced people.The long term coin is only the top coin and the main one is Bitcoin. The top altcoin is indeed controlled by Ethereum and I also hold it. don't take risks with shitcoin when the top coin is still good for long-term investment. Nothing grows instantly.
Bitcoin should be the main option for the long term investment. Ethereum and other top coins are the alternative, just choose which coins that have good potential to develop in the future. Not all top coins are good, personally I avoid to invest in meme coins and stable coins.
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Well consider your friend lucky, if it were today most of those altcoins investment if not all would have been a loss considering the numerous pump and dump altcoins that are in the market. Building your portfolio through alts is very risk even the professionals are avoiding investing on altcoins because even with their strong background about cryptocurrency they still get cut up in the loops of shit coins. Altcoins diversification is nothing but a deadfall, too risky. 
The only problem with coins with a value of almost zero is that they could either slip into the shitcoin zone or they will move to be a valuable token and honestly with altcoins investments into coins without a strong foundation it's all gambling at the end of it!!
But seeing the success from your friend, I guess luck is on his side with these altcoins and let him continue with them and maybe that 3 bitcoins can double.
Btw that no limits when it comes to investments is a double edged sword which could either reward you handsomely or throwing funds in the drain.
It could be too risky to invest now in altcoins particularly whose value is almost zero as you can’t guarantee if they will get the chance to recover or just continue to be dead coins in the end. That’s the reason why I can’t risk my money with altcoins at the moment. However, I must say your friend OP must be very lucky that he never experienced that. Probably those were the times when altcoins are still profitable same with bitcoin, one thing that’s hard to be realized these days. But seeing the success from your friend, I guess luck is on his side with these altcoins and let him continue with them and maybe that 3 bitcoins can double.
Btw that no limits when it comes to investments is a double edged sword which could either reward you handsomely or throwing funds in the drain.
Your friend is lucky that he get benefit from all type of coins which is very difficult. Some new coins are very difficult to reach maximum price and holders fails to get profit. I think your friend should avoid this Babbitt because this time he get profit but may be next time he loss his own money too because new and unknown coins are risky for investment.
Diversification is beneficial but not in such coins which you have no knowledge and no previous data so just diversify your money into 3 or 4 project but those project which gave profit to its holders. Knowledge is necessary because luck will not always helps you in getting profit so be conscious about project and create your experience through investment in successful projects.
Diversification is beneficial but not in such coins which you have no knowledge and no previous data so just diversify your money into 3 or 4 project but those project which gave profit to its holders. Knowledge is necessary because luck will not always helps you in getting profit so be conscious about project and create your experience through investment in successful projects.
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
I have tried so much to open my mind to buying altcoins but it seems that my mind is very stiff about it. Although I do not call it diversification. I do not consider buying different coins diversification of investment. One Bitcoin pumps other coins follow and vice versa. So, having Bitcoin and buying altcoins is not diversification.
Your friend was lucky in his own cause but then I have seen people that invested in ICOs and maybe shitcoins and never returned to profit. Maybe the coin goes into extinction.
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Know that every investment does not guarantee success and profitability, that’s why if you have the sufficient funds for capital, learn to diversify your investments so that if one investment fails, other investments will still have chances to succeed. However, on part of OP’s friend, he uses altcoins just to achieve his goal for bitcoin. Maybe that was only applicable when altcoins are still profitable but seeing how the altcoins these days gradually lose their value, I don’t think investing in altcoins aside from bitcoin will still be a wise move. 
Agree. Investing in shitcoins is always too risky, most of shitcoins end up with scams or have no value. His friend is just lucky that he can take profits from the shitcoins and can convert the profits to Bitcoin. However, I am sure his friend may get a different result if he invests again in shitcoins now. The chance to take profits on shitcoins is very low, we don't follow that his friend ever did.
For the long term investment, it is always recommended to choose top coins, especially Bitcoin or Ethereum. The price movement of these coins are clearer than any other coins, the always have the same scheme in each 4 years cycle. And these coins have strong fundamentals that become the main requirement for a long term holding.
It's also called shitcoin, it's just going to be a junk coin in the future. Just hype at the beginning and then the people who got in early will dump it to get all the profits. Shitcoin will not last, there is no good advice to buy Shitcoin unless they buy at the beginning and know what risks will be experienced. He who is fast will survive the loss.For the long term investment, it is always recommended to choose top coins, especially Bitcoin or Ethereum. The price movement of these coins are clearer than any other coins, the always have the same scheme in each 4 years cycle. And these coins have strong fundamentals that become the main requirement for a long term holding.
The long term coin is only the top coin and the main one is Bitcoin. The top altcoin is indeed controlled by Ethereum and I also hold it. don't take risks with shitcoin when the top coin is still good for long-term investment. Nothing grows instantly.
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Good story, that's how it should be. Those that have been too invested in altcoins should take the time that it's not going to stay there for a long time if ever their assets in altcoins are flourishing. They need to spend in taking a profit because that's how it should be. And as they take profit and if they still wanna stay on this market, the profit they make from those altcoins should be retained and put into bitcoin. That's an easy strategy but many still don't do it because they don't believe in bitcoin's dominance. 
he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target.
Although it is not recommended to do this when investing in bitcoin, your friend was fortunate enough to do so. He used altcoins to make a tiny profit before investing them in bitcoin. You are aware that he would continue to possess the bitcoin he currently has even if he used the money to purchase it directly. So I'll tell him to invest prudently the next time he wants to hold more bitcoin because they might quickly crash and your friend's money would be lost.
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he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
These are not the finest methods for investing in bitcoin, mate, not this way. What if my diversification efforts result in a coin crash? What do you anticipate happening? However, I think you should provide the coins your friend uses if you want someone to invest and employ these kinds of tactics, as I have never before seen this kind of strategy used to obtain bitcoin under the guise of investment.
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
A piece of advice is to always research your own coins and then invest your money on them. In your friends case I am not sure how he did it but it seems really blind investment. By just reading your post itself it gives zero to no value to his plans and how he is doing it. I think all you need to do is have a wallet, get yourself bitcoins now and then. As you know very well bitcoin can be bought in small portions called as Satoshi. You can keep buying them now and then with smallest amount possible, let them sit their in your wallet and enjoy the benefits later. Just like you would save your money in the bank, instead of that you can save it in the bitcoin form. The diversification point is good but hell you need to study everything in detail before you can have proper portfolio.
@FiveG Your friend keeps his Bitcoin on an iPhone app? So many things here say it's a big lie. Not from him, because you made him up 
Do you guys really enjoy making all these madeup stories so much? I mean, seriously, 3 "pieces" of Bitcoin lol
He didn't got lucky he got made up. I challenge him to name even 1 single coin that went down to zero, and then went up enough to make 3 BTC. Ok let's say he got 10 coins so each coin had to go from almost zero to 0.3 BTC. I bet he can't even show one such coin.
Do you guys really enjoy making all these madeup stories so much? I mean, seriously, 3 "pieces" of Bitcoin lolYeah, he got lucky. All of my coins now didn't come alive haha even though I background check it and do some research about their projects, he is lucky that his token's project owner survive bear market and didn't go bankrupt. But what he is doing to diversify his investment of course but for now it is still really good to do some research first before anything else.
He didn't got lucky he got made up. I challenge him to name even 1 single coin that went down to zero, and then went up enough to make 3 BTC. Ok let's say he got 10 coins so each coin had to go from almost zero to 0.3 BTC. I bet he can't even show one such coin.
Agree. Investing in shitcoins is always too risky, most of shitcoins end up with scams or have no value. His friend is just lucky that he can take profits from the shitcoins and can convert the profits to Bitcoin. However, I am sure his friend may get a different result if he invests again in shitcoins now. The chance to take profits on shitcoins is very low, we don't follow that his friend ever did.
For the long term investment, it is always recommended to choose top coins, especially Bitcoin or Ethereum. The price movement of these coins are clearer than any other coins, the always have the same scheme in each 4 years cycle. And these coins have strong fundamentals that become the main requirement for a long term holding.
Shitcoin is hype moment awhile, when entry early has chance for earning profit later but can't guarantee when later for entry with shitcoin has chance to earn profit and get capital back. Exactly with shitcoin listed on DEX exchange only and owner has moment to removed liquidity before investor selling their shit coin and we can't sell anymore with how much shit coins have invested.For the long term investment, it is always recommended to choose top coins, especially Bitcoin or Ethereum. The price movement of these coins are clearer than any other coins, the always have the same scheme in each 4 years cycle. And these coins have strong fundamentals that become the main requirement for a long term holding.
You right top coins is the best for short or long term investment, I am quit with all shitcoin investing although looks promising with many people earn profit but top coins like Ethereum and BNB coins keep give us consistent profit without risk for price dropping. Better with few percent profitable earn in daily day than investing in shit coin with two option between earn much profit but one side have ready for losing our capital when shitcoin removed liquidity on dapp exchange.
Investing in shitcoins and hoping for the best is not precisely a strategy that can be used to obtain good results over the long term, your friend was lucky and that is it, now if you were to ask your friend about this I doubt they will admit it, as people like to think that whatever positive outcomes they get are because of their qualities and virtues, but this is a clear case in which this is not true, as there are many people like your friend which lost everything when they invested in shitcoins.
Agree. Investing in shitcoins is always too risky, most of shitcoins end up with scams or have no value. His friend is just lucky that he can take profits from the shitcoins and can convert the profits to Bitcoin. However, I am sure his friend may get a different result if he invests again in shitcoins now. The chance to take profits on shitcoins is very low, we don't follow that his friend ever did.For the long term investment, it is always recommended to choose top coins, especially Bitcoin or Ethereum. The price movement of these coins are clearer than any other coins, the always have the same scheme in each 4 years cycle. And these coins have strong fundamentals that become the main requirement for a long term holding.
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Yeah, he got lucky. All of my coins now didn't come alive haha even though I background check it and do some research about their projects, he is lucky that his token's project owner survive bear market and didn't go bankrupt. But what he is doing to diversify his investment of course but for now it is still really good to do some research first before anything else.and didnt been able to recover their prices even if the bull run kicked in. There are some projects who do make out some movement or price increase but not really that much.This is why i did really
put up into my mind that there's none other worthy projects to invest on but only on Bitcoin. The increase might not really giving that x100 or more but you could somewhat assure that you could
make x2 x3 or x5 in the near future or more, no one really knows.
I agree on what most people been saying that diversification would always been best but not all people would really be making the right call or decision on choosing on which project they would be investing on.
Some might pump but most of the time they would wither and die away.
The only problem with coins with a value of almost zero is that they could either slip into the shitcoin zone or they will move to be a valuable token and honestly with altcoins investments into coins without a strong foundation it's all gambling at the end of it!!
But seeing the success from your friend, I guess luck is on his side with these altcoins and let him continue with them and maybe that 3 bitcoins can double.
Btw that no limits when it comes to investments is a double edged sword which could either reward you handsomely or throwing funds in the drain.
But seeing the success from your friend, I guess luck is on his side with these altcoins and let him continue with them and maybe that 3 bitcoins can double.
Btw that no limits when it comes to investments is a double edged sword which could either reward you handsomely or throwing funds in the drain.
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Yeah, he got lucky. All of my coins now didn't come alive haha even though I background check it and do some research about their projects, he is lucky that his token's project owner survive bear market and didn't go bankrupt. But what he is doing to diversify his investment of course but for now it is still really good to do some research first before anything else. I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
I won't bank on these alts we have today for the era of altcoins being used as a short cute means to appreciate investment is long gone. And if it were to be today the story of your friend would have been one of an unlucky tale as we now have so much oumb and dump altcoins scam projects in the crypto industry like never before. A long term HODL of your investment in bitcoin is worth more now than taking the risk of trusting some alts based on the tendency of it pumping up at anytime, you may end up waiting forever. 
Do not limit your investment but make sure what you are investing are only those who have potentials to give you high returns, otherwise you’ll end losing them all because of your own greed to make more money. However, investment diversification is always encourage, but it doesn’t mean that if you invest in bitcoin, you should also take part in altcoins as well. Altcoins are no longer profitable and reliable these days so investing in them would create higher risk of losing. Instead, learn to invest in other investment like buying real estate and use it for business purposes. That is my goal and hopefully, I can acquire that in the future.
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